Championx Stock Technical Analysis

CHX -  USA Stock  

USD 19.48  0.73  3.89%

As of the 25th of June, Championx Corp shows the risk adjusted performance of (0.11), and Mean Deviation of 2.54. Championx Corp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have analyze and collected data for nineteen technical drivers for Championx Corp, which can be compared to its rivals. Please confirm Championx Corp coefficient of variation, as well as the relationship between the treynor ratio and semi variance to decide if Championx Corp is priced correctly, providing market reflects its regular price of 19.48 per share. Given that Championx Corp has jensen alpha of (0.048353), we suggest you to validate Championx Corp's prevailing market performance to make sure the company can sustain itself at a future point.
  
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Championx Corp Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Championx, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Championx
Championx Corp's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Championx Corp Analyst Consensus

Target PriceAdvice# of Analysts
29.29Buy7Odds
Championx Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Championx analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Championx stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Championx Corp, talking to its executives and customers, or listening to Championx conference calls.
Championx Analyst Advice Details
Championx Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Championx Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Championx Corp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Championx Corp Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Normalized Average True Range is used to analyze tradable apportunities for Championx Corp across different markets.
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Championx Corp Trend Analysis

Use this graph to draw trend lines for Championx Corp. You can use it to identify possible trend reversals for Championx Corp as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Championx Corp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Championx Corp Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Championx Corp applied against its price change over selected period. The best fit line has a slop of   -0.04  , which may imply that the returns on investment in Championx Corp will continue to fail. It has 122 observation points and a regression sum of squares at 58.55, which is the sum of squared deviations for the predicted Championx Corp price change compared to its average price change.

About Championx Corp Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Championx Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Championx Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Championx Corp stock first instead of the macroeconomic environment surrounding Championx Corp. By analyzing Championx Corp's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Championx Corp's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Championx Corp specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2020 2021 2022 (projected)
Long Term Debt to Equity0.540.560.390.36
Interest Coverage2.573.333.833.93

Championx Corp June 25, 2022 Technical Indicators

Most technical analysis of Championx help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Championx from various momentum indicators to cycle indicators. When you analyze Championx charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Continue to Trending Equities. Note that the Championx Corp information on this page should be used as a complementary analysis to other Championx Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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When running Championx Corp price analysis, check to measure Championx Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Championx Corp is operating at the current time. Most of Championx Corp's value examination focuses on studying past and present price action to predict the probability of Championx Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Championx Corp's price. Additionally, you may evaluate how the addition of Championx Corp to your portfolios can decrease your overall portfolio volatility.
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Is Championx Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Championx Corp. If investors know Championx will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Championx Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
5.26
Market Capitalization
B
Quarterly Revenue Growth YOY
0.26
Return On Assets
0.0403
Return On Equity
0.0871
The market value of Championx Corp is measured differently than its book value, which is the value of Championx that is recorded on the company's balance sheet. Investors also form their own opinion of Championx Corp's value that differs from its market value or its book value, called intrinsic value, which is Championx Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Championx Corp's market value can be influenced by many factors that don't directly affect Championx Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Championx Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Championx Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Championx Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.